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, prepare for merger. a deal takes off between u.s. airways and american. what it means for consumers. troubled waters: insights on cruise stocks following carnival's rocky week. plus, does apple have a trick up its sleeve? traders give us their takes on wristwatch rumors. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look a
for several blocks. one woman nearby told us her 16- year-old son is among a dozen people detained by police for a homicide that took place a few days ago. she questions why police didn't contact her after they detained her son, who's a minor. we saw police question at least three people, and officers say items were removed from the home. members of the s.w.a.t. team were on scene. i was told the fbi has been called to insist in this operation. police have been tight lipped about the investigation. i contacted only oakland's police chief. back here live, we can see that the police have used a robot to go into the home down there. and they said the robot indicated no one was inside. now officers are using dogs to go on the ground and search for suspects. that is the latest from here. if we have more during the newscast, we will of course bring you an update. reporting live in east oakland, amber lee, ktvu, channel 2 news. >>> police in west sacramento say one of their own is behind bars tonight, accused of sexually assaulting six women while on duty. 37-year-old sergio alvarez is currently in
's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan quite a while ago, and there really was nothing material that changed from what he had spoken about even a couple months ago. > the market seemed to be a little concerned about some statements out of the g-7. how is that playing out? > > it is funny, the market is concerned, but i think they are more concerned with the g20 that is coming up on friday. right now we are just stuck in a micro-range right now, because people don't know what to make of it. there are so many headlines coming out of europe. i don't think people know what end is up right now. > here is a big headline: opec is talking about all the demand out there f
:00 this evening. a pickup truck carrying pool supplies overturned and authorities told us concentrated pool cleaning fluids spilled. a hazmat team came out and cleaned up the chemicals. >>> you can see the pictures after a crane tipped over, a massive steel crane toppled below. >> reporter: the coast guard tells me tonight that crane has been secured on the new power of the new bridge. the damaged beam has been taken down, a big scare but hopefully the workers are safe tonight. >> the two cranes working in tandem between them had al steel basket -- had a steel basket that was lowering the weight down. the crane shifted somehow and toppled over. >> reporter: the beam came crashing down puncturing but not sinking a barge below. john simpson took pictures as it fell skw-z -- we heard a very large crash and it started to topple over. >> reporter: a coast guard boat came over and put up a barrier around the scene. >> potentially significant safety herb issues for the operators of the crane. >> my assumption is that the contractor portion of the project has insurance and that it'll be covered t
drought conditions are expanding in key farm states. todd horwitz of the adam mesh group joins us for trader talk this morning. they are calling it "snowmageddon" in the northeast, with the big blanket of snow. will that affect trading volumes today? > > good morning. you know, i don't think so. with today's electronic trade, we can trade from anywhere. so you will have people trading from home, they will be trading from their cars stuck in the snow, they will trade from everywhere. the volume has already been so low that i don't think much more can affect it to make it much lower unless it's a holiday. > now that winter is finally here, what do you see in heating oil? > > heating oil made a new high yesterday. listen, if it's going to be cold, there is going to be demand for heating oil, and they're finally going to probably break out and go higher. the market always reacts to what is going on, and right now it is getting cold, it is getting snowy, so, probably heating oil is on its way up. > what is your european trade? with the eu summit happening, is the risk back on? > > you
do you think about germany? > > you know, europe good is good for the u.s. that has been kind of the big laggard on, i think, the global economy. so if europe gets its act together, i think the s&ps go to the moon. > what would you buy right now then, just an s&p index? > > yeah, i would be looking at spiders or an s&p future, or call options on the s&p futures with the vix so low. > you are definitely a bull in this market. > > absolutely. > would you buy any stocks related to germany? > > you know, maybe. i think i would still like to stick to core u.s., because u.s. continues to lead the overall world. > mark, great to have you on the show. we will see you in a bit. > > thanks for having me. president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, pre
capital joins us on this monday morning for a closer look at the markets. we have to talk about the snow situation. how did it affect the market even on friday? > > on friday we saw such a sharp drop-off in volume. the market in general, volume has been nothing to really write home about, because it has been subdued. and that usually happens in this low-volatility kind of one-way street, non- eventful marketplace. so, when you get a weather concern, it is even less of an incentive for traders to participate in the market. so, a drop off in volume is really a natural occurrence in this environment. > you are just back from china. what did you find there? > > lots of pollution. i was in beijing for two days. i have been in china numerous times, and this was by far the worst i've ever seen it. but, aside from that, you look at the economy, things are moving. it is bouncing right along, and they are rebalancing the economy. you can see the service sector, the financial sector, different things moving. so i think in general things are moving in china. there is still a lot to be done and a lot
about the day. joe cusik joins us for that. he is from options express. good morning joe. we had earnings after the close coming in from cisco. what is your first thought? > > you know what, cisco came in, they did what they expected. the thing is that they diversified their revenues from the switching and routing, and now they are looking at that i.t. infrastructure. so, that actually could bring revenues a little bit more rapidly, even though there was a drop-off. obviously the hard part is that while the macroeconomic trend has been positive, they are heavily saturated in europe. we want to see that pipeline start to pick up as far as usage. but they are diversifying, and their enterprise sales have been very strong. their enterprise units have been selling and actually spending more money than they anticipated. so again, the revenue streams are coming in from areas that they traditionally weren't focused on, more on the i.t. side. > how much do the latest retail sales numbers mean to traders? the numbers are coming in stronger than people expected, and it seems like that tax
Search Results 0 to 7 of about 8